News about ar

For the three months ended July 31, 2025 (1QFY2026), LB Aluminium’s net profit rose to RM11.

The property developer has been classified as a cash company following the completion of the disposal of all its assets and liabilities to Sungei Bagan Rubber Company (Malaya) Bhd (KL:SBAGAN) for RM267.

The contract covers the installation and rental of AI-powered CCTV cameras, panic buttons and smart traffic lights, as well as the establishment of the Batu Pahat Smart Integrated Operations Centre.

The proposed facility with a storage capacity of two million pallet positions is aimed at accelerating the group’s expansion into logistics automation.

The development’s Phases 2 and 3 are under construction, and will feature multi-storey logistics facilities to meet rising demand.

Tong noted that while the mandatory afforable housing quota is well intended, a blanket requirement often results in a disconnect between supply and demand.

MDEC is working closely with the federal government on three smart city projects: creating Digital Twins to predict traffic and flood risks, Smart Tree profiling and Digital Avatars to improve city planning.

Overseas property earnings advanced 68%, contributing to the 22% overall profit growth.

Under the SPA, Pharmaniaga Logistics has already paid a 10% deposit of RM3 million, with the remaining RM27 million to be settled in installments as stipulated in the agreement.

The rebranding preserves the company’s most recognisable elements—its name, shield emblem, and heritage red—while presenting a more contemporary logo featuring outward-moving forms inspired by its four TEAM values.